Expats

Bulgaria's Rulers Adopt 2011 Budget Deficit Barely below 3% of GDP [Dec 03, 2010] Bulgaria's Parliament has adopted at second reading the 2011 State Budget Act after 15 hours of debates that went late into the night. The major difference between the bill adopted at first reading is the increase of the projected 2011 budget deficit from BGN 1.96 B to BGN 2.16 B ? or from 2.5% to about 2.75% of the GDP ? which, if it materializes, would still be below the 3% threshold set by EU ... [via YahooNews] More >>

Bulgaria to Gradually Up Excise on Raw Tobacco [Nov 07, 2010] Bulgaria will continue in a course of gradual raise in the excise of raw cut tobacco with state budget 2011, which previews a rate of BGN 130 per kg. This was revealed by ruling GERB party MP Dimitar Glavchev, who said that the Parliamentary Budget Committee has fully consulted all stakeholders in tobacco production when determining the rate at which the excise will be increasing. [via YahooNews] More >>

Bulgaria's Govt Bravely Ventures 3.6% Economic Growth in 2011 [Sep 29, 2010] Bulgaria's Cabinet has approved the draft 2011 State Budget Act, which projects an economic growth of 3.6% next year despite much criticism by the business sector describing this figure as "unrealistic." [via YahooNews] More >>

Bulgaria's Govt Bravely Ventures 3.6% Economic Growth in 2011 [Sep 29, 2010] Bulgaria?s Cabinet has approved the draft 2011 State Budget Act, which projects an economic growth of 3.6% next year despite much criticism by the business sector describing this figure as ?unrealistic.? [via YahooNews] More >>

Bulgaria's Government to Discuss 2011 Draft Budget [Sep 29, 2010] Pensions and salaries in Bulgaria will not be changed in 2011, the Finance Ministry's draft 2011 State Budget Act says. The draft budget, which will be discussed Wednesday, envisions that the deficit in the end of 2011 would be 2,5%, while the economic growth is expected to be 3,6%. [via YahooNews] More >>

Bulgaria's Sopot with 'Ultra Modern' Water Purification Station [Sep 05, 2010] Bulgaria's Boyko Borisov opened a much-advertised station for purification of waste waters near the central town of Sopot. BGN 18 M were invested in the new facility, with BGN 4 M of these coming from the state budget, and the rest from EU Operational Program "Environment". [via YahooNews] More >>

Bulgaria Ethnic Turks Leader Unscathed by Embezzlement Allegations [Jul 29, 2010] Bulgaria ethnic Turkish leader Ahmed Dogan managed to escape prosecution over allegations that he pocketed BGN 1,5 M as a consultant of hydro projects, financed by the state budget. [via YahooNews] More >>

Bulgaria's FinMin Claims 2010 State Budget Very Successful [Jul 16, 2010] Bulgaria's Finance Minister Simeon Djankov has stated that the 2010 State Budget Revision Act has reached its goals and have been very successful. Photo by BGNES [via YahooNews] More >>

Bulgaria's 'Blue' Rightists with Harsh Criticism of Cabinet [Jul 06, 2010] Bulgaria's rightist Union of Democratic Forces declared Monday they won't back the revision of the 2010 state budget on second reading in Parliament. [via YahooNews] More >>

Bulgaria FinMin Presents Revised Budget 2010 [Jun 06, 2010] Finance Minister Simeon Djankov. Photo by EPA/BGNES The draft act for updating Bulgaria's 2010 state budget will be presented by Finance Minister Simeon Djankov and discussed on Sunday at a seminar in the resort of Borovets. [via YahooNews] More >>

Bulgaria Updates 2010 GDP Budget Deficit to 3.9% [May 27, 2010] The amendments in the State Budget Act made by the cabinet Wednesday limit to 20% the expenditures and the subsidies transferred to different institutions. [via YahooNews] More >>

Bulgaria Adopts Anti-Crisis Measures, [Apr 06, 2010] It has recently emerged that Bulgaria s government has approved a series of anti-crisis measures designed to combat the effects of the economic crisis on the state budget and the national economy, which include a number of tax initiatives. [via YahooNews] More >>

Bulgaria Constitutional Court Annuls Disputed Budget Act Texts [Apr 06, 2010] Bulgaria 's Constitutional Court declared three disputed texts of the 2010 State Budget Act anti-constitutional, the Court's press center informs. [via YahooNews] More >>

Bulgaria Constitutional Court Annuls Disputed Budget Act Texts [Apr 06, 2010] Bulgaria 's Constitutional Court annulled 3 of the 4 texts in the State Budget Act which, according to the Opposition, make the existence of the Parliament pointless. [via YahooNews] More >>

Chief Prosecutor: Bulgaria Must Fulfill Probed Contracts [Apr 01, 2010] Bulgaria s Chief Prosecutor, Boris Velchev, says his office is not going to fill the State budget hole. Photo by BGNES [via YahooNews] More >>

Bulgaria Ethnic Turks Leader Denies Embezzlement Allegations (Novinite.com) [Mar 22, 2010] Bulgaria's ethnic Turkish party has vowed to approach the senior prosecutor over allegations that its leader has pocketed BGN 1,5 M as a consultant of projects, financed by the state budget. [via YahooNews] More >>

Bulgaria Ex Finance Minister Calls for Fiscal Buffers (Novinite.com) [Mar 14, 2010] Bulgaria?s former Finance Minister Plamen Oresharski has stated that the present government has to create fiscal safety buffers. ?The Borisov Cabinet adopted an inadequate state budget withouth buffers. [via YahooNews] More >>

Bulgaria Government 'Won't Spend Any Money' on Belene NPP (Novinite.com) [Feb 26, 2010] Bulgaria Finance Minister, Simeon Djankov, was categorical Friday that he will not allow any money from the state budget to go towards the construction of the Belene Nuclear Power Plant. [via YahooNews] More >>